Smooth Sailing

Today was perfect. Everything I’m dabbling in was on the up and up, except for the Swiss Franc FXF. SLV and IAU continue to make new highs, and I started a position in DGP. Even the double inverse funds made new short-term highs. DBA rebounded above 42, even though UDN failed to close higher after a very strong open. GDX, SLX and EEBrecovered some of their losses, and remain technically sound, but close to danger.The skinny of the story is, I’m having cake and eating it, and there is plenty more to go around if the trend towards hard assets remains intact. Financials took another step towards failure today, and if the home builders follow suit, this will be a panicky drop to the January lows.Pairs idea: Double Gold w/ DGP (26.36) and Double Short Financials w/ SKF (121.50). Equal weight.

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Charles Amadeus

As a freelance trader and media entrepreneur raised in NYC, my waking life revolves around the market. I've moved to the fair city of Seattle to speculate, edit photos, fix computers and play the ukulele. This space is an organizational tool for ideas on risk management, fundamental analysis, technical trading, quantitative edges and participant psychology.